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GBPUSD Wave Analysis – 6 October 2026

– GBPUSD reversed from key support level 1.3185

– Likely to rise to resistance level 1.3300

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FxPro pinned Β«πŸ—“ Economic Calendar at 2026/10/08 (GMT) 14:30 πŸ‡ΊπŸ‡Έ Crude Oil Inventories β€” Exp: 2100K Actual: -3186K 17:00 πŸ‡ΊπŸ‡Έ President Donald Trump Speaks 18:00 πŸ‡ΊπŸ‡Έ ⚑️ FOMC Meeting Minutes [Updated in real time]Β»
Market Sentiment for October 7, 2026
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Crypto market weighed down by caution

The crypto market has fallen by 1.4% over the past 24 hours to $2.86T. The market experienced its sharpest decline during the period of lowest liquidity – just before the start of active trading in Asia – which accounted for the significant drop. That said, buyer support materialised around the seven-day lows, but the decline is broadly based. Of the nearly forty actively traded coins, none are rising, with declines ranging from βˆ’0.2% for Avalanche and βˆ’0.7% for BNB to βˆ’8.4% for Filecoin and Polkadot.

Bitcoin has plummeted to $84K. Modest attempts by the bulls to push the price back into the triangle on Tuesday proved unsuccessful, and the failure to hold above $87K once again triggered a sell-off, with a sharp drop to $83.6K at the start of the day. A more worrying signal would be a fall below $83K, where the most recent local lows are concentrated, opening the way for a rapid decline to $80K. This is a highly likely scenario over the next couple of days, given caution in US indices following new highs, the resumption of sell-offs in debt markets, and the strengthening of the dollar.

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πŸ‡ΊπŸ‡Έ Pre-market trading trends on the US stock market

πŸ“‰ Negative trends are prevailing in the US stock market's pre-market session.

In the Information Technology sector, NVIDIA (NVDA) is down 0.92%, Advanced Micro Devices (AMD) is down 2.04%, while Microsoft (MSFT) is down 0.42%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.33%.

In the Consumer Discretionary sector, Amazon (AMZN) is down 0.92%, while in the Consumer Staples sector, Walmart (WMT) is up 0.77%.

Under these conditions, the foreign exchange market tends to favour a defensive stance: weakness in the broader market and a correction in mega-caps are stimulating demand for risk-free dollar-denominated assets, including Treasuries, creating a short-term supportive environment for the US dollar exchange rate and limiting interest in riskier currencies.
Gold keeps struggling against the tide

A stronger dollar, a rally in Treasury yields and oil’s reluctance to fall are creating headwinds for gold.

Central banks are taking advantage of gold’s dip to boost their reserves.

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French debt weighs on the euro

Marine Le Pen’s calls for the ECB to cut interest rates and for a reduction in EU transfers are fuelling panic.

The combination of a strong economy and attractive assets is driving the US dollar higher.

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⚠️ USA β€” FOMC Meeting Minutes at 18:00 GMT
Stellar Wave Analysis – 7 October 2026

– Stellar reversed from resistance zone

– Likely to fall to support level 0.1880

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πŸ—“ Economic Calendar at 2026/10/09 (GMT)

11:30 πŸ‡ͺπŸ‡Ί ECB Monetary Policy Meeting Accounts

12:15 πŸ‡¬πŸ‡§ ⚑️ BOE Governor Andrew Bailey Speaks

12:30 πŸ‡ΊπŸ‡Έ Unemployment Claims β€” Exp: 200K Actual: 197K


[Updated in real time]
FxPro pinned Β«πŸ—“ Economic Calendar at 2026/10/09 (GMT) 11:30 πŸ‡ͺπŸ‡Ί ECB Monetary Policy Meeting Accounts 12:15 πŸ‡¬πŸ‡§ ⚑️ BOE Governor Andrew Bailey Speaks 12:30 πŸ‡ΊπŸ‡Έ Unemployment Claims β€” Exp: 200K Actual: 197K [Updated in real time]Β»
EURCAD Wave Analysis – 8 October 2026

– EURCAD reversed from support zone

– Likely to rise to resistance level 1.6010

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EURGBP Wave Analysis – 8 October 2026

– EURGBP reversed from key support level 0.8460

– Likely to rise to resistance level 0.8500

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Market Sentiment for October 8, 2026
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Bitcoin bulls are in no hurry

The crypto market has taken another step downwards, losing just over 1% in the last 24 hours to $2.83T. This marks a breakout from the range seen over the last few days, with an attempt to establish a downtrend this week. The bulls may be simply gathering strength ahead of the next upward surge. However, in the short term, the situation looks rather worrying against the backdrop of weakening stock indices and the bond market, as well as continued flight to the safe-haven US dollar. What makes this all the more interesting is that movements in the cryptocurrency market over the past day have been mixed. Among the most actively traded coins, the top performers were Near (+4.9%), Cosmos (+1.5%) and Tron (+0.5%). That said, the ratio of falling to rising coins is currently around 9:1. At the other end of the spectrum are Uniswap (βˆ’5.9%), Litecoin (βˆ’5.2%) and XRP (βˆ’5.1%).

The crypto market sentiment index has slipped to 64, remaining in the 'greed' zone but falling to its lowest level since 18 September. That said, we have observed a shift into bull-market territory since the second half of August, when the indicator confidently moved out of the 'fear' zone into 'greed', consolidating above 50. The ability to remain in the upper half of the spectrum could prove an important psychological boost for retail traders in the coming days, while a break below this level could intensify the sell-off.

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The yen is capitalising on the euro’s weakness

β€’ The Japanese currency is falling against the US dollar but strengthening against the euro.

β€’ The US has been nominally involved in currency interventions.

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⚠️ UK β€” BOE Governor Andrew Bailey Speaks at 12:15 GMT
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